Edge Wealth Management LLC Has $420,000 Position in Comcast Corporation (CMCSA)
Edge Wealth Management LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,920 shares of the cable giant’s stock after buying an additional 4 shares during the quarter. Edge Wealth Management LLC’s holdings in Comcast Corporation were worth $420,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in CMCSA. State Street Corp boosted its position in Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC boosted its position in Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after purchasing an additional 48,147,456 shares during the period. Ameriprise Financial Inc. boosted its position in Comcast Corporation by 95.7% during the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after purchasing an additional 29,199,805 shares during the period. Bank of New York Mellon Corp boosted its position in Comcast Corporation by 103.1% during the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after purchasing an additional 28,597,277 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Comcast Corporation by 56.9% during the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after purchasing an additional 12,625,830 shares during the period. 81.93% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. Insiders have sold 9,982 shares of company stock worth $385,050 over the last 90 days. 1.28% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently weighed in on CMCSA shares. Bank of America Corporation lifted their target price on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. ValuEngine raised Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. TD Securities started coverage on Comcast Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $51.00 target price for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a report on Sunday, July 9th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.83.
Comcast Corporation (NASDAQ:CMCSA) opened at 38.48 on Friday. The company has a market capitalization of $181.37 billion, a PE ratio of 19.39 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The firm’s 50 day moving average price is $39.84 and its 200-day moving average price is $39.19.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.64%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
Comcast Corporation Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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